Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Drip Irrigation Market, The Global Drip Irrigation Market size was valued at around USD 6.1 Billion in 2023 and is projected to grow at a CAGR of around 11.36% during the forecast period, i.e., 2024-30. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight & sustainable materials, rising demand for luxury & customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Drip Irrigation Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook & Forecasts:

  • Forecast Period: 2024-2030
  • Market Size in 2023: USD 6.1 Billion
  • CAGR (2024-2030): 11.36%

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Global Drip Irrigation Market Segmentation Breakdown:

The Drip Irrigation Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

  • By Component
    • Emitters/Drippers
    • Pressure Pumps
    • Drip Tubes/Drip Lines
    • Valves
    • Filters
    • Fittings & Accessories

Among them, Drip Tubes/Drip Lines held a considerable share in the Global Drip Irrigation market, owing to their easy & convenient usability.

  • By Crop Type
    • Field Crops
    • Fruits & Nuts
    • Vegetable Crops
    • Other Crops (turf, ornamental, and spice crops)

Of them all, the Field Crop has shown notable growth during the historical period as the drip system is very peculiar & fulfills the need for the water & nutrition of every crop as per its growth requirements.

  • By Application
    • Agriculture
    • Landscape
    • Greenhouse
  • By Emitter Type
    • Inline
    • Online

Geographical Growth Insights:

  • By Region
    • North America
    • South America
    • Europe
    • The Middle East & Africa
    • Asia-Pacific

Of all the regions globally, the Asia-Pacific Drip Irrigation market has been portraying a noticeable growth since 2018, owing to the increasing installation of drip irrigation systems in emerging economies, such as China & India.

MarkNtel Advisors Highlights Key Market Drivers for Drip Irrigation Market:

Pressing Need for Water Conserving Technologies in Agriculture to Rise the Market Growth - According to the World Bank, 70% of global water reserves are used for agriculture, while 60% is wasted, thus highlighting the need for water-saving technologies in agriculture. Furthermore, agricultural products are a necessity for the survival of the human population, hence the demand for water-conserving technologies for irrigation purposes enhanced significantly across the globe.

Moreover, there are numerous benefits associated with the use of drip irrigation systems, such as reduction in weed growth & soil erosion & providing proper field leveling, which resulted in escalating the demand for drip irrigation systems across the globe. 

A Comprehensive Analysis of Leading Companies in Global Drip Irrigation Market

  • EPC Industries Limited
  • Driptech Incorporated
  • Microjet Irrigation Systems
  • Rain Bird Corporation
  • Rivulus Irrigation
  • Netafim limited
  • Jain Irrigation System Limited
  • Lidsay Corporation
  • The Toro Company
  • Valmont Industries
  • T-L Irrigation Company
  • Reinke Manufacturing Company, Inc.
  • ELGO Irrigation Limited
  • Hunter Industries Inc.

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Drip Irrigation Market Recent Development:

  • In 2020, Lindsay Corporationannounced the acquisition of Net Irrigate, LLC (US), an agriculture Internet of Things technology company, that provides remote monitoring solutions for irrigation customers.

What are the growth Challenge driving the Global Drip Irrigation Market?

Soil Salinity Hazards & Bio Clogging in Drip Irrigation Systems to Hamper the Market - Water containing high saline content can limit drip irrigation systems, which can pose a threat to crops. The excess salt content is one of the major concerns with water used for irrigation. In addition, high salt concentration present in the water & soil would negatively affect crop yields, which further results in degrading the land & pollutes groundwater.

Furthermore, the use of drip irrigation systems causes no foliar sprays to crops & accumulation of salts. However, the salt accumulates near the edge line of the wetted area, leading to a decrease in the life of the crop.

Hence, this salt accumulation is a cause for concern when the inline emitter placement does not coincide with the location of the plant row, particularly for crops that are sensitive to soil salinity, thus, resulting in a decline in market growth.

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